£537,625
This estimated value is based upon the latest sale price for the house of £515,000 on 17 Mar 2022. This value is then adjusted by the current Official House Price Index for HERTFORDSHIRE 1
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8 Lamsey Road, Hemel Hempstead, HP3 9HB
Phone: 01442493655
| Price Paid | Date |
|---|---|
| £515,000 | 17 Mar 2022 |
| £87,000 | 24 Aug 1995 |
| Terraced |
| Freehold |
| Floor Area: 120 sq meters or 1,291 sq feet |
This model uses changes in the Official Land Registry House Price Index for HERTFORDSHIRE to estimate the market value.
When this house was purchased in March 2022 the House Price Index for HERTFORDSHIRE was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £515,000 results in an estimated price of approximately £537,625.
| 17 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £515,000 | £22,625 | £537,625 |
The Postcode Pricing Model uses changes in average sales price within the HP2 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -10.085 % | £-51,935 | £463,064 |
| 3 Month Average | -2.994 % | £-15,418 | £499,581 |
| 6 Month Average | 2.080 % | £10,710 | £525,710 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £588,070 | £570,000 | 14 KENILWORTH CLOSE |
| 18 Aug 2023 | £366,612 | £360,000 | 14 MORPETH CLOSE |
| 13 Jan 2023 | £471,259 | £470,000 | 1 KENILWORTH CLOSE |
| 31 Oct 2022 | £363,785 | £365,000 | 17 MORPETH CLOSE |
| 22 Apr 2022 | £357,911 | £345,000 | 15 WINDSOR CLOSE |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 11 Oct 2021. Using an estimated price of £537,626 means this house is valued at £4,480 per sq meter (£416 per sq foot).
The average size of a house on WINDSOR CLOSE is 88 sq meters (954 sq feet).
This house is the largest in the street with a floor area of 120 sq meters (1,291 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Drugs | Under investigation | On or near York Way |